The first section of Nigeria’s new coastal highway is being completed. The 47km Section 1 will be ready for traffic before the end of 2025 with full commissioning due in April 2026 along with half of Section 2. This stretch of the new highway is being built by Hitech. Lagos is Nigeria’s economic centre, accounting for around 60% of the country’s GDP and is the country’s former capital. Calabar in the South East of the country was also capital in the past and is located close to the border with Cameroon.A portion of the funding for the project has been provided by the ECOWAS Bank for Investment and Development (EBID). The coastal highway project is expected to cost up to $10 billion in total to complete.
Funding options are being considered for work to upgrade the Carter Bridge in Lagos at present with other financial institutions showing interest. These sources could also provide funding for further stretches of the planned Lagos-Calabar Coastal Highway.
Meanwhile, a new flyover is being built in Ekiti State to link Ado and Ekiti, with the work being carried out by Messrs Step Development Limited. Roads in the area around the new flyover will also be rebuilt by Messrs Step Development Limited to improve traffic flow.
And in Bauchi State, work is starting on building 203km of rural roads in a bid to boost connectivity. The work is being carried out under the Rural Access and Agricultural Marketing Project (RAAMP). Financing for the work is being provided jointly by the World Bank, the French Development Agency (AFD), and Nigeria’s Federal Government.
